City
Epaper

Russian gas supplies to China soar by 60 pc in 2022

By ANI | Updated: May 4, 2022 06:15 IST

Amid the ongoing war in Ukraine, Russia's gas supplies to China have soared by as much as 60 per cent in the first four months of 2022 compared to the same period last year.

Open in App

Amid the ongoing war in Ukraine, Russia's gas supplies to China have soared by as much as 60 per cent in the first four months of 2022 compared to the same period last year.

Russian energy giant Gazprom announced the significant rise in exports on Sunday, even as energy exports to Europe remain uncertain in light of the ongoing hostilities, and the tightening sanctions on Russia by the West.

The deliveries have been made through the Power of Siberia pipeline as part of the contract between Gazprom and China National Petroleum Corporation (CNPC), the company said, reported Russia Today.

Beijing has refrained from outrightly condemning the Russian invasion of Ukraine, only urging for a diplomatic solution instead.

The energy standoff between Russia and the West has led to gas supplies to countries outside the former Soviet Union dropping by 26.9 per cent since the start of the year, the report said, adding that, a total of 50.1 billion cubic meters have been delivered over the past four months.

Further, Russian President Vladimir Putin had earlier ordered gas payments from "unfriendly countries," which include the European Union (EU), to be made in rubles from March 31.

The EU initially rejected Moscow's new rules, calling them "blackmail," but the European Commission recently said there could be ways to pay for Russian gas in rubles without violating the sanctions.

Some countries, however, have still refused to switch to rubles, causing Gazprom to cut off gas supplies to Poland and Bulgaria in late April, the report said.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: unionbeijingVladimir PutinGazpromAramco oil pipelines coChina national petroleum corporationVladimir vladimirovich putin
Open in App

Related Stories

NationalVladimir Putin Accepts PM Modi’s Invitation To Visit India Preparations Underway, Says Russian FM Sergey Lavrov

InternationalDonald Trump, Russian President Vladimir Putin Speak Over Phone, Discuss Ending War in Ukraine: Report

OpinionsTrump’s victory puts Putin into spotlight!

NationalPM Narendra Modi to Visit Russia From October 22 to 23 to Attend BRICS Summit 2024

InternationalIndia Adopts Calculated and Strategic Stance Amid Russia-Ukraine Conflict

International Realted Stories

InternationalGuterres encourages efforts to de-escalate India, Pakistan conflict as diplomatic efforts afoot

International"Pakistan is with terrorists": Vinay Kwatra calls Indian strikes response to terrorism

InternationalUS Secy of State Rubio talks to EAM Jaishankar, emphasises immediate de-escalation

InternationalAmerican prelate Robert Prevost elected New Pope

InternationalTrump hails US-UK trade deal as "fair, open, and reciprocal," projects USD 6 billion in tariff revenue